Fremantle Owner RTL’s Quarterly Revenues Rise to $1.4 Billion, Driven by Buoyant Streaming and TV Advertising
Naman Ramachandran Revenues at Bertelsmann’s Luxembourg-based RTL Group, a media giant which owns Fremantle, rose 2.6% to €1.3 billion ($1.4 billion), for the first quarter of 2024, driven by buoyant TV advertising and streaming. However, this was offset by decreased revenues at the group’s global content business. Fremantle revenues were down 9.2% to €395 million (Q1/2023: €435 million), due to what RTL describes as “timing effects in the U.K., Italy and Germany.” “Revenue from Fremantle is recognized when a show or series is delivered to its clients, i.e.